Japan discloses 15.4 trillion yen in summer currency intervention
Japan’s Finance Ministry disclosed Monday that it spent 15.4 trillion yen buying its currency over three trading days in late July and early August. Purchases totaled a record 7.98 trillion yen on the first day, followed by 5.55 trillion and 1.87 trillion yen. The disclosed amounts cover Japan’s contribution only, including a day of joint intervention with the United States, and do not establish the combined size of that operation.